BTC still struggling to turn around momentum on the daily as the 4 hour continues to tighten.
Look for a break of these ranges later afternoon/evening.
Lots of selling yesterday as soon as ETH went to all time highs. People some BTC market and bought ETH market leading to an inverse correlation.
In my opinion a bull break here for BTC will only help ETH bulls further due to the normal correlation that has been favoring ETH.
Caution if we get a bear break, as there is little support down towards $12k, $11k, etc.
Patience on this pattern if not in a position, this will likely dictate momentum for the next couple days.
Look for a break of these ranges later afternoon/evening.
Lots of selling yesterday as soon as ETH went to all time highs. People some BTC market and bought ETH market leading to an inverse correlation.
In my opinion a bull break here for BTC will only help ETH bulls further due to the normal correlation that has been favoring ETH.
Caution if we get a bear break, as there is little support down towards $12k, $11k, etc.
Patience on this pattern if not in a position, this will likely dictate momentum for the next couple days.
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